First Mining Announces Final 2023 Exploration Drilling Results and Commencement of 2024 Drill Program at the Duparquet Gold Project
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Highlights include new zone of mineralization extension returning 1.83 g/t Au over 7 m – extending mineralization 200 m along strike
First Mining's 2023 exploration strategy and maiden drill program on the Project was focused on derisking, validating and testing exploration targets that could unlock meaningful expansion opportunities along strike and down plunge of existing deposits. The Company completed 17 exploration drill holes totalling 6,966 m in its 2023 exploration drilling campaign and all assay results have now been received.
Results from the 2023 exploration campaign have defined several significant discovery and follow-up targets, including a new zone immediately to the south of the current mineral resource area (Buzz Zone: 6.52 g/t Au over 4.6 m), confirmation of mineralization and a higher grade trend in the area of
"With our initial drill programs, First Mining has demonstrated an ability to define new gold zones in addition to significantly extend the known limits of the mineralized structures of the Duparquet Gold Project," stated Dan Wilton, CEO of First Mining. "We are excited to continue advancing the Duparquet Gold Project with additional expansion drilling, while also drill testing other significant exploration targets that exist on this large land package. With a positive PEA released last year, the success in our drilling program will continue to enhance and unlock the potential of this district-scale project located in the heart of the prolific Abitibi gold belt."
Highlights of the remaining holes from the 2023 drill program are presented in Table 1, with results for the entire 2023 drill program listed in Table 2. Drill hole locations from the 2023 program are included in Table 3.
2024 Duparquet Exploration Program Outlook
The aim of the 2024 program at the Duparquet Project is to build on the successes and learnings of the 2023 campaigns, with a continued focus on growth opportunities within the current mineral resource, as well as targeting additional Abitibi mineralization styles that carry a potential for higher-grade settings and favour regional processing synergies.
Drilling is commencing in February 2024 where the objective is to complete the Phase 2 winter drilling component of the program. A six-hole, 2,500 m drill program is planned, targeting the North Zone as well as a regional brownfields opportunity from the 2023 field campaign that remains underexplored.
For the second quarter of 2024, the Company is aiming to commence a Phase 3 drilling campaign alongside regional airborne geophysics and LiDAR survey programs that will further uplift exploration target development and vectoring ahead of the summer field campaigns.
Table 1: Selected Significant Drill Intercepts from Remainder of 2023 Drill Program
Hole ID | From (m) | To (m) | Length (m) | Grade (Au g/t) | Target |
DUP23-010 | 91.0 | 98.0 | 7.0 | 1.83 | DCD on Donchester South |
including | 91.0 | 92.2 | 1.2 | 2.19 | |
and including | 94.0 | 97.0 | 3.0 | 2.99 | |
DUP23-011 | 94.3 | 99.1 | 4.8 | 2.46 | Donchester South |
including | 94.3 | 95.9 | 1.6 | 5.16 | Donchester South |
DUP23-012 | 374.0 | 384.0 | 10.0 | 0.96 | Donchester South (Zone 3) |
DUP23-013 | 138.0 | 139.0 | 1.0 | 8.82 | Other |
and | 270.0 | 286.0 | 16.0 | 0.53 | Zone 3 |
and | 303.0 | 309.0 | 6.0 | 1.52 | RWRS Zone |
DUP23-015 | 69.0 | 71.0 | 2.0 | 1.41 | SID |
*Reported intervals are drilled core lengths (true widths are estimated at 75 |
Discussion of Latest Results
Hole DUP23-010 was drilled along the mineralized shear zone at the southern contact of the Beattie Syenite body and approximately 200 m to the east of the current resource wireframe and outside of the PEA pit shell (Figure 1). The hole intersected 1.83 g/t Au over 7.0 m from 91.0 m to 98.0 m, including 2.19 g/t Au over 1.2 m and 2.99 g/t Au over 3.0 m (Table 1). The mineralization intersected is shallow in nature, at a depth of 80 m below surface, and is associated with intermixed syenite and basalts. Historical drilling in the area supports the extension of the mineralization 250 m below DUP23-010 (Figure 2). This mineralized intercept is from the most easterly hole along the historically mined Donchester South Zone, and this mineralized structure and zone remains open to the east and at depth and defines a zone for further characterization and targeting as it has the potential to add meaningful ounces to the known mineral resource.
Other significant intersections from the latest drilling include 2.7 g/t Au over 3.4 m and 2.46 g/t Au over 4.8 m, including 5.16 g/t Au over 1.6 m in drill hole DUP23-011, as well as 0.96 g/t Au over 10.0 m and 1.1 g/t Au over 6.0 m in drill hole DUP23-012 (Table 2 and Figure 3). The near-surface results from DUP23-011 confirm the up-dip extension of the historically mined Donchester South Zone. The assays returned support further investigation of opportunities to add additional ounces (defining new wireframes) as the intercepts are beyond the limits of the current PEA pit shell. Drill hole DUP23-012 confirms the continuity at depth of the Zone 3 wireframe.
Drill hole DUP23-013 targeted a large, untested area associated with Zone 3 near the junction of the previous Beattie and Donchester claim blocks. Multiple mineralized intervals were intersected, including 8.82 g/t Au over 1.0 m, 1.21 g/t Au over 6.0 m, 0.53 g/t Au over 16.0 m and 1.52 g/t Au over 6.0 m (Table 2), with the majority of these intersections located below the interpreted PEA pit shell limits (Figure 4). The mineralization in some areas spans widths thicker than previously projected and overall the mineralization remains open at depth and to the east for several hundred metres.
A new brownfields exploration target, SID, located to the north of Dumico on the boundary of the Porcupine East property, was drill tested in 2023. The SID target is located in a lithological setting outside of the traditional Beattie syenite host and is defined by a combination of historical grab samples and a drilling trend proximal to historical property boundaries. A sheared, iron carbonate mafic volcanic historical surface grab sample returned 3.3 g/t Au and was validated in First Mining's 2023 field campaign, with assays from grab samples ranging from 0.26 to 1.78g/t Au within sheared ankerite altered basalt. Historical drill hole G-83-2 was also completed in this target area and returned 2.33 g/t Au over 11. 8 m at a downhole depth of 22.7 m. First Mining drilled two exploration holes in 2023 (DUP23-014 and DUP23-015), targeting an opportunity to intersect the historical interval at a further depth than previously tested (Figure 5). Both drill holes intersected sulphide mineralization and a significant amount of quartz veining (spanning over 4.5 metres) associated with felsic tuffs and basalts interbedded with local graphitic argillites. Drill hole DUP23-014 returned 1.0 g/t Au over 1.0 m and drill hole DUP23-015 returned 1.41 g/t Au over 2.0 m (Table 2). Follow-up field work and modelling of the drill results will be a focus of this area in 2024 to better define this brownfields target.
"The ability to demonstrate additional mineralization host settings and styles is an important factor for our exploration team seeking to make new discoveries," stated James Maxwell, VP Exploration and Project Operations. "As our programs work to open up the exploration space surrounding
Drill holes DUP23-016 and DUP23-017 were drilled to test the western extension of the historically mined West Zone on the Beattie property. Hole DUP23-016 was abandoned due to thicker than expected overburden, while DUP23-017 successfully cased through the overburden before collaring into the favourable sheared basalt and syenite porphyries. Significant gold mineralization was not returned in assay, however drilling of the hole was instrumental in identifying the target shear zone providing an open vector for exploration to the west.
2023 Duparquet Drilling Program Overview
First Mining commenced an exploration campaign in 2023 that drill tested an array of targets across the main Project area (Figure 6). The campaign focused on two main strategies; firstly, derisking the resource through validation whilst expanding on resource growth and optimization opportunities, and secondly, unlocking the geoscientific understanding of the Project to define opportunities outside of the known resource areas.
Results from the 2023 campaign support the growth potential of the Duparquet Project and the confirmation of new zones and targets, near the resource as well as more regional brownfields opportunities, demonstrating a strategy that has potential to deliver further success to First Mining.
Table 2: Drill Highlights (All 2023 Holes)
Hole ID | From (m) | To (m) | Length (m) | Grade (Au g/t) | ||
DUP23-001 | 259.5 | 264.6 | 5.05 | 2.28 | ||
and | 365.2 | 375 | 9.8 | 0.96 | ||
DUP23-002 | 44 | 47 | 3 | 0.96 | ||
and | 106 | 112.3 | 6.3 | 2.72 | ||
and | 125.75 | 146 | 20.25 | 0.74 | ||
and | 354 | 357.3 | 3.3 | 8.70 | ||
inc. | 354 | 355 | 1 | 18.80 | ||
and inc. | 356.3 | 357.3 | 1 | 9.20 | ||
and | 420 | 432 | 12 | 0.94 | ||
and | 450.8 | 455.4 | 4.6 | 6.52 | ||
inc. | 452.6 | 454.4 | 1.8 | 12.82 | ||
and inc. | 453.5 | 454.4 | 0.9 | 18.60 | ||
and | 582 | 592.4 | 10.4 | 1.19 | ||
inc. | 587.8 | 588.5 | 0.7 | 3.97 | ||
DUP23-003 | 60.5 | 65.5 | 5 | 6.08 | ||
inc. | 60.5 | 61.5 | 1 | 11.80 | ||
and inc. | 63.5 | 64.5 | 1 | 15.00 | ||
and | 136 | 158.4 | 22.4 | 1.09 | ||
inc. | 137.8 | 138.3 | 0.5 | 13.10 | ||
and | 266.2 | 267 | 0.8 | 7.07 | ||
and | 378.85 | 386.6 | 7.75 | 3.47 | ||
inc. | 380.3 | 382 | 1.7 | 10.79 | ||
and | 659 | 660 | 1 | 4.94 | ||
and | 715.5 | 717 | 1.5 | 2.16 | ||
DUP23-004 | 601 | 601.66 | 0.66 | 1.63 | ||
DUP23-005 | 292 | 296 | 4 | 1.78 | ||
and | 306 | 312.15 | 6.15 | 2.73 | ||
inc. | 310.3 | 311 | 0.7 | 6.98 | ||
and inc. | 311.5 | 312.15 | 0.65 | 10.60 | ||
DUP23-006 | 79.5 | 82 | 2.5 | 2.07 | ||
inc. | 80 | 80.5 | 0.5 | 5.96 | ||
and | 118 | 121 | 3 | 1.82 | ||
and | 304.6 | 313.5 | 8.9 | 1.71 | ||
inc. | 305.5 | 306.5 | 1 | 5.11 | ||
and | 353.9 | 355.9 | 2 | 2.57 | ||
inc. | 353.9 | 354.9 | 1 | 4.72 | ||
and | 363.8 | 371.4 | 7.6 | 1.29 | ||
inc. | 369.6 | 371.4 | 1.8 | 3.33 | ||
DUP23-007 | 115 | 119.5 | 4.5 | 1.34 | ||
and | 161.5 | 165.3 | 3.8 | 1.01 | ||
and | 418.5 | 423.6 | 5.1 | 1.16 | ||
DUP23-008 | 235 | 238 | 3 | 2.04 | ||
and | 243 | 254 | 11 | 2.83 | ||
inc. | 250 | 253 | 3 | 4.40 | ||
DUP23-009 | No significant assay results | |||||
DUP23-010 | 91 | 98 | 7 | 1.83 | ||
inc. | 91 | 92.2 | 1.2 | 2.19 | ||
and inc. | 94 | 97 | 3 | 2.99 | ||
DUP23-011 | 42.5 | 45.9 | 3.4 | 2.70 | ||
inc. | 42.5 | 44 | 1.5 | 5.25 | ||
and | 94.3 | 99.1 | 4.8 | 2.46 | ||
inc. | 94.3 | 95.9 | 1.6 | 5.16 | ||
and inc. | 97.6 | 98.4 | 0.8 | 2.96 | ||
DUP23-012 | 48 | 50 | 2 | 2.50 | ||
and | 155.5 | 158.5 | 3 | 1.79 | ||
inc. | 155.5 | 157 | 1.5 | 2.90 | ||
and | 374 | 384 | 10 | 0.96 | ||
inc. | 377 | 378 | 1 | 3.25 | ||
and | 393 | 401 | 8 | 0.57 | ||
and | 405 | 411 | 6 | 1.10 | ||
DUP23-013 | 138 | 139 | 1 | 8.82 | ||
and | 257 | 263 | 6 | 1.21 | ||
inc. | 257 | 259 | 2 | 2.62 | ||
and | 270 | 286 | 16 | 0.53 | ||
inc. | 284 | 286 | 2 | 1.18 | ||
and | 303 | 309 | 6 | 1.52 | ||
DUP23-014 | 265 | 266 | 1 | 1.00 | ||
DUP23-015 | 69 | 71 | 2 | 1.41 | ||
DUP23-016 | Hole abandoned in overburden at 45m with no core recovery | |||||
DUP23-017 | No significant assay results |
*Reported intervals are drilled core lengths (true widths are estimated at 75 |
Table 3: Drill Hole Locations, Duparquet Gold Project (All Holes Drilled in 2023)
Hole ID | Azimuth (°) | Dip (°) | Length (m) | Easting | Northing |
DUP23-001 | 175 | -63 | 507 | 630446 | 5374387 |
DUP23-002 | 175 | -55 | 645 | 631055 | 5374399 |
DUP23-003 | 180 | -60 | 750 | 631307 | 5374432 |
DUP23-004 | 353 | -70 | 657 | 633504 | 5373923 |
DUP23-005 | 175 | -60 | 429 | 633079 | 5374081 |
DUP23-006 | 180 | -45 | 459 | 633504 | 5374086 |
DUP23-007 | 180 | -68 | 660 | 633151 | 5374096 |
DUP23-008 | 180 | -45 | 375 | 633151 | 5374096 |
DUP23-009 | 180 | -60 | 177 | 632635 | 5374190 |
DUP23-010 | 180 | -60 | 225 | 632789 | 5374207 |
DUP23-011 | 360 | -55 | 159 | 631494 | 5374217 |
DUP23-012 | 360 | -65 | 474 | 631494 | 5374217 |
DUP23-013 | 210 | -47 | 360 | 631435 | 5374538 |
DUP23-014 | 0 | -47 | 369 | 634027 | 5374111 |
DUP23-015 | 350 | -50 | 345 | 634091 | 5374108 |
DUP23-016 | 0 | -45 | 45 | 629831 | 5374326 |
DUP23-017 | 0 | -55 | 330 | 629831 | 5374326 |
Note: Collar coordinates in UTM NAD 83 z17 |
About the Duparquet Gold Project
The Duparquet Project is geologically situated in the southern part of the Abitibi Greenstone Belt and is geographically located approximately 50 km north of the city of
Analytical Laboratory and QA/QC Procedures
All sampling completed by First Mining within its exploration programs is subject to a Company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Core samples from the 2023 drilling program at
Qualified Person
Louis Martin, P.Geo., Senior Geologic Consultant of First Mining, is a "Qualified Person" for the purposes of NI 43-101 Standards of Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical disclosure contained in this news release.
About First Mining Gold Corp.
First Mining is a gold developer advancing two of the largest gold projects in
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and
Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as COVID-19, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, such as COVID-19, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the
First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.
Cautionary Note to United States Investors
The Company is a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the
Technical disclosure contained in this news release has not been prepared in accordance with the requirements of
NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.
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SOURCE First Mining Gold Corp.
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